Stock market today, Aug. 7 -- The selling trend persisted in Indian markets on Thursday after US President Donald Trump declared an additional 25 percent tariff on goods from India.

As a result of this new tariff, Indian exports to the United States have become 50 percent more costly. This development has raised concerns among investors, prompting a sell-off across key indices.

The Nifty 50 index began trading at 24,464.20, dropping by 110.00 points or 0.45 percent, while the BSE Sensex started at 80,262.98, falling by 281.01 points or 0.35 percent. Both indices indicated the cautious sentiment prevalent in the market in light of the US decision.

On the daily chart, Nifty 50 has remained within the range established on Friday for three...